Deutsche Lufthansa AG (OTCMKTS:DLAKY) Short Interest Down 43.8% in June

Deutsche Lufthansa AG (OTCMKTS:DLAKY) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 75,974 shares, a decrease of 43.8% from the May 31st total of 135,289 shares. Based on an average daily trading volume, of 272,061 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Deutsche Lufthansa Stock Up 2.9%

Shares of OTCMKTS:DLAKY opened at $11.38 on Friday. The company has a market capitalization of $13.68 billion, a PE ratio of 7.59, a price-to-earnings-growth ratio of 1.23 and a beta of 0.96. Deutsche Lufthansa has a 1 year low of $7.91 and a 1 year high of $11.46. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.81 and a quick ratio of 0.73. The business has a fifty day moving average price of $9.72 and a two-hundred day moving average price of $9.78.

Deutsche Lufthansa (OTCMKTS:DLAKY) last issued its quarterly earnings results on Wednesday, May 6th. The transportation company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.35). Deutsche Lufthansa had a return on equity of 13.46% and a net margin of 3.83%.The company had revenue of $10.28 billion during the quarter, compared to analysts’ expectations of $10.29 billion. Analysts forecast that Deutsche Lufthansa will post 1.19 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Deutsche Lufthansa stock. Sterling Capital Management LLC purchased a new position in Deutsche Lufthansa AG (OTCMKTS:DLAKY) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 24,628 shares of the transportation company’s stock, valued at approximately $204,000.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DLAKY. Morgan Stanley cut Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 26th. The Goldman Sachs Group lowered shares of Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a research note on Friday, March 20th. Barclays downgraded shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Friday, May 8th. Finally, Zacks Research raised shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Deutsche Lufthansa has a consensus rating of “Reduce”.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG is a leading global aviation company headquartered in Cologne, Germany, and is recognized as one of the world’s largest airline groups. Founded in its modern form in 1953, the company traces its heritage back to the original Deutsche Luft Hansa established in 1926. Lufthansa operates passenger and cargo services under its flagship brand, as well as through numerous subsidiaries including Swiss International Air Lines, Austrian Airlines, Brussels Airlines and the low-cost carrier Eurowings.

The group’s passenger network spans Europe, the Americas, Asia, Africa and the Middle East, with primary hubs at Frankfurt Airport and Munich Airport.